Manuel to continue arms deal testimony

2014-06-12 07:47
Trevor Manuel (Sapa)

Trevor Manuel (Sapa)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - Former finance minister Trevor Manuel will continue with his testimony before the Seriti Commission of Inquiry into the arms deal on Thursday.

Manuel was finance minister at the time of the 1999 deal.

He began testifying on Wednesday immediately after former defence minister Mosiuoa Lekota.

Mandela mandate

During Wednesday's proceedings, Manuel told the commission that a mandate by former president Nelson Mandela to his Cabinet to properly equip the defence force resulted in the 1999 arms deal.

Manuel quoted two State of the Nation addresses delivered by the late former president.

He said that in November 1998 Cabinet decided to enter into negotiations with preferred bidders in the strategic defence procurement package (SDPP), known as the arms deal.

"That decision committed government to investing approximately R29.9bn in the SDPP. The intention was that the special defence account of the defence department would carry the cost of the SDPP," Manuel said.

Cancelling loans

He said the National Treasury, then under his guidance, had a constitutional obligation to ensure that the funding intended for the SDPP was affordable and budgeted for.

Cancelling loans secured for financing the 1999 arms deal would have hurt the South African economy, he said.

Other high-profile individuals who testified at the commission so far include former trade and industry minister Alec Erwin and former intelligence minister Ronnie Kasrils. Kasrils was deputy minister of defence at the time of the arms purchase.

President Jacob Zuma appointed the commission in 2011 to investigate alleged corruption in the 1999 multi-billion rand deal.

Government acquired, among other hardware, 26 Gripen fighter aircraft and 24 Hawk lead-in fighter trainer aircraft for the air force, and frigates and submarines for the navy.


- SAPA
Read more on:    trevor manuel  |  arms deal
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
11 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
 

Joburg hot spots for cocktails, craft beer, tapas and wine!

It’s the season to be jolly – so we’ve rounded up some new Joburg hot spots!

 
 

I love summer.24

13 things you might not know about Disneyland
The craziest deaths of 2014
How to make this a sensual, sexy summer!
This is what South Africans Googled in 2014!

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

2DAYS ONLY – 30% off Appliances

Coffee makers, blenders, fans, juicers and more. T&Cs apply. Shop now!

2 DAYS ONLY – 40% off books

Get 40% off when you buy 2 books. For two days only! T&Cs apply. Buy now!

Up to 50% off on outdoor gear

Save on chairs, blankets, cooler bags, umbrellas and more. Shop now!

Save on Samsung

Cameras, mobile phones, TVs, Tablets and more. While stocks last. Shop now!

Grand Theft Auto 5

Now available on PS4, Xbox One and PC from R649. Buy now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

There is so much going on around you and inside your head. You may want to take your ideas to the next level. Romance may be...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.